NOT LISTED FOR SALE
8 Beds
4 Baths
-- Sq Ft
1929 Built

Last Sold May 31, 2016

Last sale price $600,000

12 Days on Market

About This Home

As of May 2016

Pleased to offer for sale a vintage four-unit multifamily property located in the Avondale/Kilbourn Park neighborhood on Chicago's north side. The offering provides investors with immediate cash flow and material future upside in a solid location. The property is currently 86% occupied. Surplus income is being generated from three additional, non-confirming units. No representation as to the legality of said additional units. The current zoning certification is for four dwelling units. The building is a two-story walk-up residential apartment building of masonry construction with a flat roof constructed in 1929. The 5,034-SF building sits on a 6,300 SF lot which is adjacent to the alley-way running east-west. **See offering package in ADDITIONAL INFORMATION.**

Last Agent to Sell the Property

Edward Bluemel

Atlas Asset Management Realty LLC License #475159969 Listed on: 04/13/2016

Last Buyer's Agent

Brianna Schmidt

Second City Real Estate License #471018287

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,901

Year Built

  • Built in 1929

Parking

  • 4 Car Garage

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Uses Steam
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Corner Lot

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $75,510
  • Net Operating Income $46,599

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,901

Year Built

Built in 1929

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1929
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Window Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Window Air Conditioner,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors
  • Room: 6

Exterior Features

  • Construction Materials: Brick
  • List Price: 579000
  • Lot Features: Corner Lot
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: On Site, Garage Owned, Detached, Owned, Garage
  • ParkingTotal: 6

Utilities

  • Sewer: Public Sewer
  • Heating: Steam
  • Water Source: Lake Michigan

Fee Information

  • Other Expenses $: 28911

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 50*126
  • Zoning: OTHER
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas

Multi Family

  • Net Operating Income: 46599
  • GrossIncome: 75510
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 9900.95
  • Tax Year: 2014

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2016 05/31/16 Sold $600,000 +3.6% --
04/25/2016 04/25/16 Pending -- -- --
04/13/2016 04/13/16 For Sale $579,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09193329

Midwest Real Estate Data (MRED)